Aave is a DeFi lending protocol operating via the Aave DAO and recently launched Aave V4, featuring a hub-and-spoke architecture to support real-world assets, fixed-rate loans and institutional credit markets. According to the report, Aave's total value locked (TVL) was $25.08 billion, with annualized fees of $549.16 million, annualized revenue of $73.4 million, $17.508 billion in outstanding borrows, a treasury balance of $83.49 million, and annual operating expenses of $18.07 million. The protocol's roadmap emphasizes expansion into real-world assets (RWA), consumer products such as Aave App, Aave Pro, Aave Card and Aave Kit, and regulatory positioning including licenses in Ireland and the U.K. Governance decisions are made by the Aave DAO, which now routes 100% of protocol and branded product revenues to the DAO treasury under the newly adopted framework. Aave's strategy is tied to the "Aave Will Win" initiative, which sets ambitious growth targets and funds Aave Labs via milestone-based grants and the recent $25 million stablecoin plus token award.

Total raised

$210M

Funding rounds

4

Latest round

Equity

Latest activity

Apr 2026